Conclusion: demonestation process is like a two faces of a coin because one side it will benefit the

nation and other side it's going to create some temporary and long term problems, we ll discuss
each side of coin one by one :

Benefits for the nation.

1. Possible to stop counterfeit currency using for the terrorism activity.
2. Black money : by demonestation of higher currency suddenly it will take out illegally
stored money from the holders.
3. Transparency: moving towards digital economy may bring the transparency in the
system.
4. Easy monitoring: digital payment easy to monitor cash flow.
5. Less chance of avoiding the taxes.
6. Transparency in the system will bring more invest from the foreign countries.
Drawbacks
1. Losses to small vendors trade because of cash crunch( violation of article 19 of the
Indian constitution)
2. Many people died because some hospitals not accepted old money and rejected treat
them.
3. Repeatedly changes in the rules and misleading to the people
4. Many people do not have bank accounts in rural areas and hilly areas.
5. Lots of daily basis labours removed from the work
6. Violation of article 14( between holders and non-holders)